Moderator Linely Schaefer Partner ICR Commercial Real Estate - - PowerPoint PPT Presentation

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Feb 16, 2024 216 likes •317 views

Moderator Linely Schaefer Partner ICR Commercial Real Estate Panel Blair Forster Brad Goerzen Doug Porozni Gord Scraper Theresa Warnaar President VP Leasing President Principal Vice President Forster Projects Artis REIT Ronmor

SLIDE 1

Moderator

Linely Schaefer

Partner ICR Commercial Real Estate

Panel

Blair Forster

President Forster Projects

Brad Goerzen

VP Leasing Artis REIT

Doug Porozni

President Ronmor Developers

Gord Scraper

Principal Capital Crossing Advisors

Theresa Warnaar

Vice President KingSett Capital

SLIDE 2

2 4 6 8 2012 2013 2014 2015 2016 17Q1

Saskatchewan GDP vs Retail Sales

Saskatchewan GDP (%) Saskatchewan Retail Sales

Saskatchewan Economy

Percentage

SLIDE 3

50,000 100,000 150,000 200,000 250,000 300,000 350,000 2013 2014 2015 2016 2017F

Regina CMA Saskatoon CMA

Population Growth

Regina 2017YTD Saskatoon 2017YTD

250,400 SF 320,950 SF

SLIDE 4

2.5 3.8 3.1 2.4 2.9 1.8 4 3.6 5.7

Vancouver Saskatoon Regina Calgary Edmonton Winnipeg Toronto Ottawa Montreal

Retail Vacancy (2016)

Percentage

SLIDE 5

Retail Market Breakdown

10,698,420 13,616,394 469,033 586,256 Regina Saskatoon

Occupied SF Vacant SF

Regina Retail Size Saskatoon Retail Size

11,167,453 SF 14,200,650 SF

SLIDE 6

1 2 3 4 5 6 7 8 9 10 2012 2013 2014 2015 2016 2017F 2020F

Regina Saskatoon Competitive

Retail Market Vacancy

Regina 2017F Saskatoon 2017F

4.2 % 4.7 %

SLIDE 7

1 2 3 4 5 6 7

100,000
50,000

50,000 100,000 150,000 200,000 250,000 300,000 2012 2013 2014 2015 2016 17Q1 Absorption (SF)

Regina Saskatoon Saskatchewan GDP (%)

Retail Market Stats

Regina 2017F Saskatoon 2017F

44,760 SF 68,500 SF

SLIDE 8

Market Developments (Regina)

New Developments Address Size (SF) Completion

Green Falls Landing 3850 Green Falls Drive 25,000 2017 Dream Site Lewvan Dr. & Parliament Ave. 100,000 2017 Grasslands Urban Village (Phase III) 250,000 2017 Acre 21 Phase I Arcola Ave. & Chuka Blvd. 200,000 2018 Aurora Phase I Victoria Ave. E and Zinkhan Rd. 300,000 2018 Acre 21 Phase II Arcola Ave. & Chuka Blvd. 2019 Dream Site Elmbridge (Coopertown) 67,000 2019 Capital Crossing Phase I Rochdale Blvd. 200,000 2019 Aurora Phase II Victoria Ave. E and Zinkhan Rd. 300,000 ? Horizons Development Phase I Dewdney Ave. W 200,000 2019/2020 Horizons Development Phase II (Main Street) 2020/2021 Horizons Development Phase III (Regional Node) 2024 TOTAL 1,642,000

SLIDE 9